The BSE’s Sensex ended 112.78 points higher at 34,305.43, while Nifty edged marginally above 10,500 to trade at 10,528.35. Shares of Cipla, Grasim Industries and UPL rallied up to 5 percent, while those of Wipro, SBI, Tech Mahindra and Bharti Airtel traded under pressure.
Furthermore, Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19, reported Moneycontrol. India’s annual WPI inflation eased to a nine-month low of 2.47 percent in March, owing to a fall in prices of vegetables and other food and beverages.
Meanwhile, the buildup inflation rate in the financial year so far was 2.47 percent, compared to a build-up rate of 5.11 percent in the corresponding period of the previous year, the Ministry of Commerce and Industry revealed on Monday.